BASINGSTOKE, England--(BUSINESS WIRE)--A new study from Juniper Research has found that the adoption of mPOS (mobile Point-of-Sale) devices connecting wirelessly or via mobile devices, such as those from iZettle and Square, will drive annual mPOS transactions to over 87 billion by 2023. This will represent a threefold increase over an estimated 28 billion transactions in 2018.
It found that mPOS devices will drive an increased usage of payment cards in emerging markets, such as India. The digitisation of payments, spurred on by the policy of demonetisation, means that growth in the number of mPOS devices in India will be the fastest of any global region, at an average annual growth rate of 46% over the next 5 years.
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Reference Link : https://www.businesswire.com/news/home/20180620005089/en/Juniper-Research-Mobile-Point-of-Sale-Devices-Account-1
